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2016-04-25_GENERAL DOCUMENTS - C1992081 (19)
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2016-04-25_GENERAL DOCUMENTS - C1992081 (19)
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Entry Properties
Last modified
8/24/2016 6:21:07 PM
Creation date
4/26/2016 2:26:19 PM
Metadata
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Template:
DRMS Permit Index
Permit No
C1992081
IBM Index Class Name
General Documents
Doc Date
4/25/2016
Doc Name
Amended Interim Order Authorizing Debtors to Obtain Post Petition Financing Pursuant to 11
From
United State Bankruptcy
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
MPB
JRS
JHB
Media Type
D
Archive
No
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Case 16-42529 Doc 149 Filed 04/15/16 Entered 04/15/16 16:16:59 Main Document <br />Pg 41 of 71 <br />14. Adequate Protection of Second Lien Secured Parties. The Second Lien Secured <br />Parties are entitled, pursuant to sections 361, 362, 363(e), 364(d)(1) and 507 of the Bankruptcy <br />Code, to adequate protection of their respective interests in the Pre -Petition Collateral, <br />including the Cash Collateral, for and equal in amount to the aggregate diminution in the value <br />of their respective interests in the Pre -Petition Collateral as provided in the Bankruptcy Code, <br />the priming of the Second Lien Noteholders' security interests and liens in the Pre -Petition <br />Collateral by the DIP Agent and the DIP Lenders pursuant to the DIP Documents and this <br />Interim Order and the imposition of the automatic stay pursuant to section 362 of the <br />Bankruptcy Code (the "Noteholder Adequate Protection Claim" and, together with the <br />Senior Lender Adequate Protection Claim, the "Adequate Protection Claims"). As adequate <br />protection, the Second Lien Secured Parties are hereby granted the following (collectively, the <br />"Noteholder Adequate Protection Obligations" and, together with the Senior Lender <br />Adequate Protection Obligations, the "Adequate Protection Obligations"): <br />(a) Second Lien Noteholder Adequate Protection Liens. The Second Lien <br />Notes Trustee (for itself and for the benefit of the Second Lien Noteholders) is hereby granted <br />(effective and perfected upon the date of this Interim Order and without the necessity of the <br />execution by the Debtors of mortgages, security agreements, pledge agreements, financing <br />statements or other agreements), in the amount of the Noteholder Adequate Protection Claim, a <br />security interest in and lien upon all of the Collateral, subject and subordinate only to (i) the DIP <br />Liens, and any liens on the Collateral to which such liens so granted to the DIP Agent are junior; <br />(ii) the Senior Lender Adequate Protection Liens, (iii) the Fees Carve Out, (iv) the Bonding <br />Carve Out and (v) the Pre -Petition Lender Security Interests (the "Noteholder Adequate <br />Protection Liens" and together with the Senior Lender Adequate Protection Liens, the <br />41 <br />
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